15 Thai cos keen to invest in NE

Major Events Vol. 3 Issue No. 25

April 16 -30, 2007

15 Thai cos keen to invest in NE

To explore the North-East market, several leading Thai companies have come forward to invest in the region. M. K. Saharia, chairman, Indian Chamber of Commerce (ICC), North East Initiative, informed that ICC has so far received queries from 15 Thai companies covering different sectors. “They are keen on investing in infrastructure, IT and tourism sectors”, he said.

To woo more investments in the region, the trade body is organizing a mega ‘Business Summit’ in New Delhi from April 10 with a two-day programme. The summit will have a series of discussions covering aviation, tourism and food processing sectors in which top business firms will take part.

Giving more details in this regard, Saharia, said that the summit would lay emphasis on the tourism sector in the region. “Despite vast tourism potential, we have not been able reap the benefit and, therefore, we have decided to keep a special session so that the companies can come to the region”, he added.

Replying to a question about the Restricted Area Permit (RAP), he said that everything would be discussed in details. “The RAP has affected the growth of tourism and we will demand for removal of RAP”, he said, adding that the power sector is also one of our thrust areas.

Commenting on the border trade with South East Asian countries, Saharia observed that the summit would highlight the problems faced by the traders during export and import. “The Indo-Myanmar trade pact which was signed in 1994 needs immediate review in order to increase the volume of trade between North East and Myanmar. Moreover, the traders of the region have been demanding inclusion of more items in the list of trade to explore Myanmar, we will draw attention of the concerned minister during the summit”, he added.

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